What happens to great fortunes over generations—and why do so few billionaire families stay wealthy? In this episode, former Long-Term Capital Management co-founder Victor Haghani shares lessons from his book The Missing Billionaires, revealing why wealth preservation is harder than most people realize.

Learn about investing, risk management, diversification, intergenerational wealth planning, market crashes, tax-efficient investing, direct indexing, and why Victor invests his own family's money in low-cost index funds. If you're interested in family wealth, financial independence, investing, and preserving wealth across generations, this conversation is packed with practical insights.

Victor's firm: https://elmwealth.com/
Elm Wealth YouTube: https://www.youtube.com/@elmwealth

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If you feel like you should be getting more value than the AUM fee you're currently paying at your brokerage firm, visit https://engagewithbirchwood.com

If you feel like you should be getting more value than the AUM fee you're currently paying at your brokerage firm, visit https://engagewithbirchwood.com

Should inherited wealth stay separate in marriage?

In this video, we explore the difficult conversation many wealthy families face around prenups, inherited assets, and protecting family wealth. Rather than focusing only on financial risk, we discuss the relational and emotional impact prenups can have on agency, loyalty, unity, and equality within a marriage.

At Birchwood Capital, we believe wealth planning should consider both financial outcomes and family relationships. This episode examines how prenups, separate property trusts, and asset protection strategies can shape marriages long before any legal issue ever arises.

If you're part of a high-net-worth family, expecting an inheritance, or navigating marriage and wealth planning, this conversation offers a thoughtful perspective rarely discussed in traditional financial advice.

If you feel like you should be getting more value than the AUM fee you're currently paying at your brokerage firm, visit https://engagewithbirchwood.com

Think you can write off 100% of your income with charitable donations? Not so fast. In this video, we break down the IRS rules for charitable tax deductions, including the real limits on cash donations, appreciated stock, donor-advised funds, and private foundations.

Learn how high-income earners, business owners, and charitably inclined families can maximize tax savings, avoid costly mistakes, and use strategies like donating appreciated stock to reduce both income taxes and capital gains taxes. We also cover the new charitable deduction changes starting in 2026 and walk through real tax software examples to show how the rules actually work.

If you feel like you should be getting more value than the AUM fee you're currently paying at your brokerage firm, visit: https://engagewithbirchwood.com

What is a GRAT (Grantor Retained Annuity Trust) and how do the wealthy use it to pass on millions tax-efficiently? In this video, we break down how GRATs work, who they're for, and why billionaires like Mark Zuckerberg and Jensen Huang use them for estate planning.

You'll learn the step-by-step mechanics, real-world examples, key benefits, risks, and strategies like "zeroing out" GRATs to potentially transfer massive wealth with little to no estate tax.

If you feel like you should be getting more value than the AUM fee you're currently paying at your brokerage firm, visit: https://engagewithbirchwood.com

Wondering when and how to talk to your kids about money and wealth?

In this video, we break down the best age to start financial conversations, how to teach strong money values, and what wealthy families do differently to raise financially responsible kids.

Learn practical strategies to avoid entitlement, build financial literacy, and prepare the next generation for wealth the right way.

Get more of your wealth questions answered here: https://birchwoodcapital.com

If you feel like you should be getting more value than the AUM fee you're currently paying at your brokerage firm, visit https://engagewithbirchwood.com

In this episode, we break down powerful ideas from Die With Zero by Bill Perkins and challenge the traditional approach to wealth, inheritance, and retirement.

Learn why waiting until your kids are 60 may not make sense, how to maximize life experiences, and how to use your money more intentionally while you're still alive. If you're a high-income saver or retiree thinking about legacy planning, this conversation will change how you view money, time, and family impact.

If you feel like you should be getting more value than the AUM fee you're currently paying at your brokerage firm, visit https://engagewithbirchwood.com

Giving money to your kids sounds generous—but it can sometimes do more harm than good.

Today, we share practical ways parents and grandparents can financially help their children without hurting their motivation, confidence, or independence.

We cover smart strategies like helping with a first home down payment, education, weddings, and family vacations, plus the key rules and parameters that make these gifts beneficial instead of enabling.

We also discuss common mistakes—like funding businesses with no boundaries or giving money that removes the incentive to work. If you're a parent or grandparent who wants to support your kids financially while still raising capable, independent adults, this conversation will give you practical ideas and principles to follow.

Get more of your answered here: https://birchwoodcapital.com

Why is it so hard to beat the market? 🤔

In this episode, we break down the real data behind active investing vs. index investing and why even professional fund managers struggle to outperform the S&P 500 over the long run.

We cover:

-The shocking statistics from the SPIVA study

-Behavioral biases that hurt investors (anchoring, overconfidence, gambler's fallacy)

-Why Wall Street's biggest firms still have an edge

-The power of market-cap weighting and momentum

-Why a small percentage of stocks drive most long-term returns

If you've ever wondered whether stock picking, newsletters, or market timing can truly outperform index funds, this episode will help you understand what the evidence actually says and how to position your portfolio wisely for long-term success.